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Wednesday, 2 May 2018

Saudi bourse to ensure Aramco's weighting in index is not too big | ZAWYA MENA Edition

Saudi bourse to ensure Aramco's weighting in index is not too big | ZAWYA MENA Edition:

"Saudi Arabia's stock exchange will ensure the weighting of national oil giant Saudi Aramco in its main stock index is not too large when the company lists its shares, the exchange's chief executive said on Wednesday. "We have technical ways to address this issue," Khalid al-Hussan told the Euromoney business conference, adding that one step might be to impose an "index cap" on Aramco. He later told Reuters this would involve imposing a ceiling on its weighting in the index, a step taken by some exchanges in other countries."



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